Foresight News reports that according to GMGN market data, the 'American Party' concept meme coin America on LetsBonk.fun has seen a trading volume exceeding $27 million within 3 hours of its launch, with a current market cap of $6.9 million. In contrast, the 'American Party' concept meme coin AP, which was released earlier on pump.fun, has plummeted this morning, with a current market cap of $1.64 million.
Foresight News reminds users that meme coins have no actual utility, and users should invest with caution.